It was reported yesterday (December 12) that veteran rapper MC Hammer was indebted to the U.S. government and owed the IRS approximately $800,000. Hammer himself hopped on Twitter and denied the story.
"700k … Don’t get too excited .. I paid them already and kept my receipt. Stamped by a US Federal Judge,” Hammer tweeted.
Hammer lost most of his money hiring people from his old Oakland neighborhood to work for him during his heyday.
“I didn’t just take money and say, ‘I want to be a blessing to myself,’” he said. “I took my money and employed 200 people in my community. I had a payroll of a million dollars a month at times.”